Recent years have seen large increases in the numbers of people who are looking to buy property in Dubai, and both the commercial and residential markets have benefited from the growth in demand over a sustained period.
Modern day Dubai has something to offer everyone. Superb beaches and hotels, a rapidly expanding economy which is home to 25% of the Fortune 500 companies, as well as a wealth of leisure and entertainment possibilities. All of this, as well as being one of the worlds safest cities makes it easy to see why so many people are choosing to buy properties in Dubai.
Legislation has also had a dramatic impact on the number of people who are looking to buy property here. In particular, following the 2002 announcement by Sheikh Mohammed bin Rashid Al Maktoum that foreigners would be able to own property on a freehold basis, the amount of foreign investment in property in Dubai has increased dramatically.
Dubai has a youthful, but highly successful economy which is attracting an increasing number of people to work in Dubai. This large scale influx of overseas workers has created an ongoing demand for property in Dubai, and investors are still experiencing strong rental returns as the demand for both residential and commercial property increases.
The short term future for the market for investment in property in Dubai certainly looks to be a positive one, as does the long term as teething issues such as transport and infrastructure scalability are gradually resolved.
West Avenue – 1 bed apartments in Dubai Marina, Dubai
A striking Manhattan inspired development, West Avenue occupies one of the last remaining plots on Dubai Marina. Due to high demand for marina accommodation and limited availability, West Avenue delivers highly sought after properties to provide a first class investment opportunity.
Canal Residence West – 1 bedroom apartment in Sports City
1 bedroom apartment in the European building in Dubai Sports City. The complex itself is imposing, and the architecture is a fusion of classic European, Arabic and Venetian styles which come together in this stunningly designed building. Canal Residence West is in fact comprised of five residential towers with distinct facades which overlook the scenic waterways of Dubai Sports City.
West Avenue – 4 bed penthouses in Dubai Marina
The stunning four bedroom duplex penthouses of West Avenue set the tone of extreme luxury. Located on the top four floors of West Avenue, the sleek contemporary architectural planes complement the modern finishes to create an elegant living space and desirable place to live.
Green Lake Towers – One Bedroom apartment in Jumeirah Lake Towers
Green Lakes Towers are three freehold towers, located at the Jumeirah Lake Towers opposite to the Dubai Marina and next to the Emirates Golf Club. Green Lakes Towers 1 and 3 have 34 storeys and rise 131 meters (430 feet) high, while Tower 2 will have 39 storeys and rise 149 meters (489 feet) high. The three residential towers offer a total of 720 units including one, two and three bedroom apartments.
Executive Towers – Four bedroom apartment in Business Bay
Towering over Dubai’s cityscape, The Executive Towers offer luxury living with waterfront views of the Dubai Creek and spectacular city views including the Burj Dubai, the world’s tallest tower. The Executive Towers also provide convenient walking access to Business Bay’s cosmopolitan restaurants, cafes and boutique shops.